Both clubs have agreed that continuing to share a stadium with each other is the most viable solution, and they will now press forward with discussions of the available options.

"The Clubs believe that a shared stadium will serve in the best interests of all stakeholders from a financial, administrative and technical perspective," reads the statement.

"We are evaluating several possible options, including a complete renovation of the existing San Siro Stadium. A joint task-force to analyse all options accordingly has also been re-established.

"The Clubs aim to conclude an initial evaluation phase by the end of the year, in order to commence the technical and administrative activities required to deliver a modern stadium to their fans in the shortest possible timeframe."